Armenian Ministry of Finance to systematize trade turnover

PanARMENIAN.Net - Improvement of the tax administration will be among top priorities of the Armenian Ministry of Finance in 2011.

The accounting of trade turnover volumes of a range of bottled and packed goods, such as natural juices, lemonade, coffee and canned food, will be systematized, RA Minister of Finance Vache Gabrielyan told a press conference.

“Due to it, their accounting will become transparent and clear, the shadow will reduce and the tax basis will increase. Hopefully, the system will start operating this year,” noted Gabrielyan.

He added that the Ministry is going to cooperate with the RA State Revenue Committee to that end.

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